10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MICROSOFT CORP | |||
Ticker: MSFT Fiscal Year: 2015 | |||
CASH FLOWS STATEMENTS | |||
Period Ending June 30, 2015 10-K (Filed: July 31, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| June 30, 2015 | June 30, 2014 | June 30, 2013 | |
| Operations | |||
| Net income | $ 12,193 [1] | 22,074 | 21,863 |
| Adjustments to reconcile net income to net cash from operations: | |||
| Goodwill and asset impairments | 7,498 | 0 | 0 |
| Depreciation, amortization, and other | 5,957 | 5,212 | 3,755 |
| Stock-based compensation expense | 2,574 | 2,446 | 2,406 |
| Net recognized losses (gains) on investments and derivatives | (443) | (109) | 80 |
| Excess tax benefits from stock-based compensation | (588) | (271) | (209) |
| Deferred income taxes | 224 | (331) | (19) |
| Deferral of unearned revenue | 45,072 | 44,325 | 44,253 |
| Recognition of unearned revenue | (44,920) | (41,739) | (41,921) |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | 1,456 | (1,120) | (1,807) |
| Inventories | (272) | (161) | (802) |
| Other current assets | 62 | (29) | (129) |
| Other long-term assets | 346 | (628) | (478) |
| Accounts payable | (1,054) | 473 | 537 |
| Other current liabilities | (624) | 1,075 | 146 |
| Other long-term liabilities | 1,599 | 1,014 | 1,158 |
| Net cash from operations | 29,080 | 32,231 | 28,833 |
| Financing | |||
| Proceeds from issuance of short-term debt, maturities of 90 days or less, net | 4,481 | 500 | 0 |
| Proceeds from issuance of debt | 10,680 | 10,350 | 4,883 |
| Repayments of debt | (1,500) | (3,888) | (1,346) |
| Common stock issued | 634 | 607 | 931 |
| Common stock repurchased | (14,443) | (7,316) | (5,360) |
| Common stock cash dividends paid | (9,882) | (8,879) | (7,455) |
| Excess tax benefits from stock-based compensation | 588 | 271 | 209 |
| Other | 362 | (39) | (10) |
| Net cash used in financing | (9,080) | (8,394) | (8,148) |
| Investing | |||
| Additions to property and equipment | (5,944) | (5,485) | (4,257) |
| Acquisition of companies, net of cash acquired, and purchases of intangible and other assets | (3,723) | (5,937) | (1,584) |
| Purchases of investments | (98,729) | (72,690) | (75,396) |
| Maturities of investments | 15,013 | 5,272 | 5,130 |
| Sales of investments | 70,848 | 60,094 | 52,464 |
| Securities lending payable | (466) | (87) | (168) |
| Net cash used in investing | (23,001) | (18,833) | (23,811) |
| Effect of exchange rates on cash and cash equivalents | (73) | (139) | (8) |
| Net change in cash and cash equivalents | (3,074) | 4,865 | (3,134) |
| Cash and cash equivalents, beginning of period | 8,669 | 3,804 | |
| Cash and cash equivalents, end of period | 5,595 | 8,669 | 3,804 |
| [1] Includes $7.5 billion of goodwill and asset impairment charges related to Phone Hardware, as well as $2.5 billion of integration and restructuring expenses, primarily costs associated with our restructuring plans, which decreased fiscal year 2015 net income by $10.0 billion and diluted EPS by $1.15. | |||
| External Links | |
| MICROSOFT CORP (MSFT) Fiscal Year 2015 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |